Step 1. Evaluate Your Income and Assets

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Number of years you would need to replace your annual income

(Income is usually needed until your spouse's retirement age)

1 Year 2 Years 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years 15 Years 20 Years 25 Years 30 Years 35 Years 40 Years 45 Years

Liquid assets
Only list assets available that could be used to replace your income upon death.
* Liquidating retirement accounts usually incurs tax penalties

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Step 2. Evaluate Your Debts and Expenses

Only list debts and expenses you want to pay off immediately upon death.

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Final expenses:
(Medical, Funeral, Taxes)

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Step 3. Evaluate Your College Expenses

Recommended Additional Life Insurance: $